Firan Technology Group Corporation
TSX : FTG

Firan Technology Group Corporation

April 01, 2015 17:05 ET

Firan Technology Group Corporation ("FTG") Announces Its Circuits-Toronto Facility Increased Its Qualification By The U.S. Department Of Defense to Include Flexible and Rigid Flex Circuit Boards

TORONTO, ONTARIO--(Marketwired - April 1, 2015) - Firan Technology Group Corporation (TSX:FTG) announced today that its Circuits - Toronto facility has added flexible and rigid flex printed circuit boards to its qualification under Military Specification MIL-PRF-31032. This certification is in addition to the multiple existing certifications for a wide range of technologies already held by the facility.

The certification allows the site to build and certify rigid flex circuit boards up to 12 layers thick, with drilled vias down to 0.008" in diameter, with conductors down to 0.004" in width, and with a range of surface finishes. To achieve these qualifications, FTG Circuits was required to build sample products meeting all of the technical requirements and to pass multiple tests to demonstrate the product meets the quality requirements of end-users.

This achievement recognizes FTG's continuous commitment towards Operational Excellence and its ability to meet the stringent requirements for products developed for defense applications. The certificate was awarded by the Defense Logistics Agency (DLA) Defense Supply Center in Columbus, Ohio, a division of the Department of Defense.

"FTG Circuits - Chatsworth is our center of excellence for providing Rigid Flex solution to our North American customers however achieving qualification in Toronto enables FTG to serve the Rigid Flex market for our defense and aerospace customers from the rest of the world" said Hitesh Talati, General Manager, FTG Circuits - Toronto.

ABOUT FIRAN TECHNOLOGY GROUP CORPORATION

FTG is an aerospace and defense electronics product and subsystem supplier to customers around the globe. FTG has two operating units:

FTG Circuits is a manufacturer of high technology, high reliability printed circuit boards. Our customers are leaders in the aviation, defense, and high technology industries. FTG Circuits has operations in Toronto, Ontario, Chatsworth, California and a joint venture in Tianjin, China.
FTG Aerospace manufactures illuminated cockpit panels, keyboards and sub-assemblies for original equipment manufacturers of aerospace and defense equipment. FTG Aerospace has operations in Toronto, Ontario, Chatsworth, California and Tianjin, China.

The Corporation's shares are traded on the Toronto Stock Exchange under the symbol FTG.

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements. These forward-looking statements are related to, but not limited to, FTG's operations, anticipated financial performance, business prospects and strategies. Forward-looking information typically contains words such as "anticipate", "believe", "expect", "plan" or similar words suggesting future outcomes. Such statements are based on the current expectations of management of the Corporation and inherently involve numerous risks and uncertainties, known and unknown, including economic factors and the Corporation's industry, generally. The preceding list is not exhaustive of all possible factors. Such forward-looking statements are not guarantees of future performance and actual events and results could differ materially from those expressed or implied by forward-looking statements made by the Corporation. The reader is cautioned to consider these and other factors carefully when making decisions with respect to the Corporation and not place undue reliance on forward-looking statements. Other than as may be required by law, FTG disclaims any intention or obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

Additional information can be found at the Corporation's website www.ftgcorp.com

Contact Information

  • Firan Technology Group Corporation
    Bradley C. Bourne
    President and CEO
    (416) 299-4000 x314
    bradbourne@ftgcorp.com

    Firan Technology Group Corporation
    Joseph R. Ricci
    Vice President and CFO
    (416) 299-4000 x309
    joericci@ftgcorp.com